Published on 6 May 2024 on GuruFocus.com via Yahoo Finance
NAPCO Security Technologies Inc (NSSC) Reports Record-Breaking Q3 Earnings, Surpassing Analyst ...
Revenue: $49.3 million, up 13% year-over-year, surpassing estimates of $48.44 million.Net Income: $13.2 million, an increase of 38% from the same quarter last year, exceeding estimates of $12.12 million.Earnings Per Share (EPS): Reported at $0.36, exceeding the estimated $0.33.Adjusted EBITDA: Reached $15.6 million, marking a 37% increase from the previous year, with an Adjusted EBITDA margin of 32%.Recurring Service Revenues: Grew by 29% to $19.5 million, contributing significantly to the revenue mix with a gross margin of 92%.Gross Margin: Improved to 54% for the quarter, up from 49% in the same quarter last year, driven by high-margin recurring service revenues.Dividend: Quarterly dividend declared at $0.10 per share, reflecting continued financial strength and shareholder value focus.
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